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Jio Financial Services (JFS) reported strong Q3 FY26 results, showing significant growth across its diverse financial services.
1. **Business Performance & Key Financials:** Total Income (ex-dividend) surged to Rs. 901 Cr (+101% YoY, +23% QoQ), with Pre-Provisioning Operating Profit (PPOP) at Rs. 354 Cr (+7% YoY, +15% QoQ). Lending's gross disbursements hit Rs. 8,615 Cr (+107% YoY), growing NBFC AUM to Rs. 19,049 Cr (+354% YoY). Payments Bank deposits reached Rs. 507 Cr (+94% YoY), and Payment Solutions' TPV was Rs. 16,315 Cr (+156% YoY).
2. **Growth Drivers & Strategy:** JFS adopts a digital-first, omni-channel approach, reaching over 20 million unique users. The company leverages AI and advanced technology for efficient operations, from credit assessment and collections to merchant compliance and insurance conversions, driving financial empowerment.
3. **Recent Developments:** JioBlackRock Asset Management launched 10 funds and introduced JioBLK Profolios. Jio Payments Bank rolled out Cash Management Services and Direct Benefit Transfer, expanding its Business Correspondent network. Jio Payment Solutions introduced POS terminals and instant settlements for merchants.
4. **Outlook:** JFS is focused on sustained momentum and expansion, aiming to provide comprehensive financial solutions for India's needs through product innovation, broad distribution, and cutting-edge technology, emphasizing profitability and shareholder value.